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Wealthy Dems Stand by Obama
Real Clear Politics ^ | August 10, 2010 | David Paul Kuhn

Posted on 08/10/2010 5:52:49 PM PDT by Bratch

Affluent Americans are Barack Obama's most secure class of support. They have stuck by this president at three to six times the rate of all other income groups since early 2009, based on a RealClearPolitics analysis.

It's a familiar story that wealthy voters have moved toward Democrats in recent years. But the remarkable steadiness of Obama's affluent support has continued with little notice. The national media has instead heavily covered Obama's tepid flings with populism.

You would think Obama's rich support was running to Republicans. It's not. Wall Street money has recently come to favor Republicans. But in broad terms, the affluent Obama vote has barely cracked.

Obama's approval rating has plummeted by 24 percentage points among those with a household income that is less than $50k annually. He's dropped 13 points within the $50k to $100k bloc over the same period. And he's fallen 17 points within the $100k to $150k bloc.

What about those households with income exceeding $150k? Obama has merely declined 4 points, based upon Gallup polling from February-March 2009 (after Obama's honeymoon ended) to June-July 2010.

Obama has tested his upper class support more than any modern presidency. He's continuously pledged to oppose tax hikes on everyone but the wealthy. That pledge is at the center of the current debate over extending the Bush tax cuts. The healthcare overhaul will increase wealthy voters' tax burden. And financial reform was hardly celebrated by the investing class.

This is why The Wall Street Journal headlined a story last summer, "Democrats' New Worry: Their Own Rich Voters." But polls have continuously shown that Democrats have far more reason to worry about those who are anything but rich. This is partly because upper class Democrats are not voting on tax policy. If they were, they'd be Republicans.

(Excerpt) Read more at realclearpolitics.com ...


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: 2010; limousineliberals; obama

1 posted on 08/10/2010 5:52:52 PM PDT by Bratch
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To: Bratch

Its NOT called an Oligarchy for nuthin’...the ‘Bamster is the best thing to hit DC since the New Deal.


2 posted on 08/10/2010 5:56:17 PM PDT by mo
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To: Bratch

Just watch Fox Business - Money Rocks - it does! :)


3 posted on 08/10/2010 5:57:35 PM PDT by khnyny (Worst US environmental disaster EVER - BP Oil Spill in the Gulf - Obama's Fault!!!)
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To: Bratch
Obama's approval rating has plummeted by 24 percentage points among those with a household income that is less than $50k annually. He's dropped 13 points within the $50k to $100k bloc over the same period. And he's fallen 17 points within the $100k to $150k bloc.

That's all?

We are lost then, if he isn't already in line for the chain gang.

After all, Obama's "stash" has done gone away.

4 posted on 08/10/2010 5:58:43 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Bratch

Why not? In this country we tax income and consumption, not wealth.


5 posted on 08/10/2010 5:59:05 PM PDT by 1raider1
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To: mo

They are set to rape and pillage the nation just like the oligarachs in Russia did. The rich will always stay that way and know that Obama will keep the unwashed masses away from them. Little people need to know their place. Obama surely knows it.


6 posted on 08/10/2010 5:59:57 PM PDT by Semperfiwife (No Private Sector money = NO government dole)
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To: mo
...the ‘Bamster is the best thing to hit DC since the New Deal.

Barack "Baines" Obama placing a signature on the destruction of personal freedom just like 1965.

7 posted on 08/10/2010 6:01:50 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Bratch

Limousine liberals know that even if officially their tax rate is 80% of their income they can find every loophole under the sun to pay less than 20% of their income in taxes. Limousine liberals mot important goal is power and the destruction of the conservative Judeo-Christian nature of the American society.


8 posted on 08/10/2010 6:02:18 PM PDT by jveritas (God bless our brave troops)
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To: Semperfiwife
Little people need to know their place.

It's there in the 1st and 2nd amendments.

9 posted on 08/10/2010 6:03:43 PM PDT by EGPWS (Trust in God, question everyone else)
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To: Bratch

They think they’re aristocracy.


10 posted on 08/10/2010 6:04:19 PM PDT by McGavin999 (I'm sorry, your race card is overdrawn and no further charges can be accepted)
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To: Semperfiwife

Member of the kulaks, Country class.


11 posted on 08/10/2010 6:08:55 PM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
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To: Bratch
I would like to see the percentage of "old money" versus "new money".

Most, if not all people with "old money" have no real world experience, and vote hard left.

12 posted on 08/10/2010 6:26:37 PM PDT by lormand (A Government who robs Peter to pay Paul, will always have the support of Paul)
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To: 1raider1
and just how would u tax wealth fairly...
if u don't spend it u lose it?

BTW...money is no good to “rich people” unless they can spend it...Its all about how they "shelter" it... fix that and the problem is solved!

13 posted on 08/10/2010 6:34:33 PM PDT by M-cubed
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To: Bratch
Wall Street money has recently come to favor Republicans

When did that happen? Best I can determine, the brokerage houses and hedge funds are still in bed with the RATS.

14 posted on 08/10/2010 7:00:00 PM PDT by freespirited (There are a lot of bad Republicans but there are no good Democrats.--Ann Coulter)
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To: M-cubed

I don’t believe they SHOULD tax wealth. Wealth is already taxed when it is earned. I believe the government has no right to tax that which has already been taxed. I was just stating why the wealthy don’t care if taxes are raised.


15 posted on 08/10/2010 7:00:43 PM PDT by 1raider1
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To: Bratch

Radical liberal elites love the guy - they think he’ll stick it to the middle class for them.


16 posted on 08/10/2010 7:03:05 PM PDT by GOPJ (Asked for ZIP? Give 82224 - Lost Springs,Wy - most sparsely populated in country. Freeper:SamAdams)
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To: Bratch

The democrats have become a coalition of the rich and the poor against the middle class.


17 posted on 08/10/2010 7:03:26 PM PDT by ModelBreaker
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To: freespirited

The elite are aware that they need to buy protection and influence from the Left. The Republicans could not protect their grandmothers from a rapist if fully armed. They would shoot each other.


18 posted on 08/10/2010 7:19:23 PM PDT by SaraJohnson
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To: ModelBreaker

That is a good way to put it.


19 posted on 08/10/2010 7:19:42 PM PDT by GnuHere
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To: jveritas

Find the numbers here amazing - and the idea of tax refuge per the ‘wealthy’ (not) inasmuch as l50K does not come close to making one a Limosine Liberal.


20 posted on 08/10/2010 7:26:34 PM PDT by cricket (flies don't lie. . .)
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To: Bratch
Would a liberal democrat lie and CHEAT on their taxes?.....
Is there any moral outrage a liberal democrat is not open to?..
21 posted on 08/10/2010 7:51:48 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: Bratch

These rich fascists need to reference the French revolution. Nothing is beyond impossible in the next 4 years. Rich traitors bleed and die like anyone else.


22 posted on 08/10/2010 7:54:54 PM PDT by sergeantdave
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To: Bratch

America’s “oligarchs’ like cheeeep labor. Those “With Out Papers” crowd supplies them with that cheeeep labor.

‘Nuff said.


23 posted on 08/10/2010 8:51:54 PM PDT by GladesGuru (In a society predicated upon freedom, it is essential to examine principles,)
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To: jveritas

Regarding taxes, the rich know full well that, one way or another, they never really have to pay. Blowing gas about soaking the rich is a leftwing shellgame. It’s the working middle class that pays. Always. So the rich can feel wonderful and noble about lavishing other people’s money on social programs. I date the rich beginning to gravitate in serious numbers to the democratic party roughly from the Kennedy era. That was the beginning of when it became cool to be a rich democrat. The phenomenon has grown ever since.


24 posted on 08/10/2010 10:45:18 PM PDT by elisheba
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